Thomas H. Judson, Jr., Plaintiffs-Appellants v. Peoples Bank and Trust Company

Summary

The Supreme Court of New Jersey modified the trial judgment, holding Bankers Commercial, Evans and the Sturdy Company jointly and severally liable for 50% of the total damages and ordering the plaintiffs' proportionate interest in the $5,000 payment to Rager to be added to the damages; the case was then remanded for entry of the modified judgment. Justice Heher, dissenting in part, argued that fraudsters should be liable for the full extent of the loss and that the contribution statute should not apply to intentional wrongdoers.